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DP World announced the inauguration of a new US$500 million port in Peru, which is set to be one of the biggest ports on South America’s Pacific coast, reported Dow Jones Newswires.
The port is situated in the port district of Callao, outside the capital city of Lima. Known as Muelle Sur, it joins more than 50 terminals operated by DP World, that are spread across more than 31 countries.
One of the largest port projects in recent history, Muelle Sur will be able to handle 1.2 million containers annually. Each of its 24 cranes will be able to handle 25 containers per hour.
Sultan Ahmed bin Sulayem, chairman, DP World, said that Peru was chosen as a member of the DP World network because it was a model of economic and political stability.
The Dubai World subsidiary partnered with the Peru based company, Uniport, on the project in Callao, which is already Peru’s largest port and one of the largest in South America.
Cargonews Asia
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